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Government announces major changes in MEIS scheme

 

Government announces major changes in MEIS scheme

 

AIT News Network

 

NEW DELHI. DGFT vide Public Notice No 32 dated 22.09.2016 has announced MEIS scrip benefit for 2901 new products and has hiked MEIS rates from 2 per cent to 3 per cent for 575 products.

 

Addition of new products include traditional medicines like Ashwagandha herbs and its extracts, other herbs, extracts of different items, certain marine products, sea feed items, Onion dried, processed cereal products and other value added items of plastics, lather articles, suitcases etc, Industrial products under different categories, including engineering goods, fabrics, garments, chemicals, ceramics, glass products, leather goods, newspapers, periodicals, silk items, made ups, wool products, tubes, pipes etc.

 

Rates of 575 product items falling under 11 products categories have been increased. These product include products of iron and steel, handicrafts, moulded and extruded goods, rubber, ceramic, glass, auto tyres and tubes, industrial machinery engineering items, IC Engines, machine tools / parts, items of wood, paper, stationary, footwear, auto seats, steel furniture, prefabs, items under the category of butter, ghee and cheese, dried egg albumin and rubber products

 

Click here for DGFT PN 32 dated 22.9.2016 for full details

 

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